Labrador City

Small town · Newfoundland and Labrador · Population 7,412

Housing and jobs

Housing costs, rents, incomes and jobs in Labrador City, with comparisons and sources.

56 · Average

Average monthly rent$992/month

NL: $903/month · Canada: $1,209/month · 2006: $659/month · 2016: $999/month (in 2021 dollars) · Statistics Canada, 2021

Median dwelling value (owner-estimated)$300,000

NL: $240,000 · Canada: $472,000 · 2016: $276,534 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing5.4%

NL: 14.6% · Canada: 20.9% · 2006: 6.3% · 2016: 6.5% · Statistics Canada, 2021

64 · Good

Median household income$147,000

NL: $71,500 · Canada: $84,000 · 2006: $106,495 · 2016: $135,682 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)2.7%

NL: -1.8% · Canada: 5.2% · 2016: -2% · Statistics Canada, 2021

Unemployment rate5.5%

NL: 15.2% · Canada: 10.3% · 2006: 8.9% · 2016: 8.7% · Statistics Canada, 2021